American Express Membership Rewards Credit Card: Fees, Rewards & Benef
Rewards card
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A solid entry into the Amex Membership Rewards points ecosystem with an achievable Rs. 1.5 lakh fee-waiver and a monthly 1,000-point bonus. The value lives in the transferable points and milestones rather than the modest 0.5% base rate, and the absence of lounge access plus 3.5% forex markup cap its appeal.
Rewards card
The Bottom Line
The Membership Rewards Credit Card is built for amex ecosystem starter and moderate monthly spender. With a ₹4,500 annual fee that is waived on ₹1,50,000 yearly spend, it offers 1% rewards on reward multiplier and 4,000 bonus points. It makes the most sense if your spending matches amex ecosystem starter and moderate monthly spender.
It earns a base reward rate of 0.5% and stacks best when your spending lines up with Amex ecosystem starter, Moderate monthly spender. The renewal fee gets easier to justify once you can hit ₹1,50,000 in yearly spend.
Who Should Get This Card
Use this as a quick filter before comparing rewards or fees in detail.
Best fit for
IdealA first-time Amex user spending Rs. 1.5 lakh+ a year who gets the fee waived and accumulates transferable Membership Rewards Points for travel redemptions.
Someone who routinely crosses Rs. 20,000/month to bank the recurring 1,000-point bonus on top of base earnings.
Probably not for
SkipThe 3.5% forex markup and no lounge access make it weak for travel and overseas purchases.
Utilities, fuel and insurance earn nothing, so anyone routing such spends through a card gets no value here.
Is It Worth It For You?
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Reward Rates
Membership Rewards Credit Card offers 0.5% basic reward rate.
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Welcome Offer
Welcome Gift of 4,000 Membership Rewards Points on payment of joining fee and on spending Rs.15,000 within the first 90 days of Cardmembership. A separate referral program can earn an additional ~2,000-4,000 MR points (figures vary by source); not counted as part of the standard welcome bonus.
Milestone Benefits
Earn 1,000 bonus Membership Rewards Points for making 4 or more transactions of Rs.1,500 or above each in a calendar month. This is a transaction-count condition, not a single aggregate spend threshold — each of the 4 qualifying transactions must individually be Rs.1,500 or more (threshold_amount of 6,000 shown here is an approximation of the implied minimum, i.e. 4 x Rs.1,500).
Earn an additional 1,000 bonus Membership Rewards Points for total card spend of Rs.20,000 or more in a calendar month. One-time enrollment in this milestone benefit is required before qualifying spend is counted.
Annual renewal fee (Rs.4,500 + GST) is fully waived if spends in the preceding membership year are Rs.1,50,000 or more; 50% waived for spends of Rs.90,000 to Rs.1,49,999.
Fees & Charges
Eligibility
- Min Income: ₹6 Lakhs
- Min Credit Score: 750
- Age 18+, resident Indian, min annual income Rs 6L (salaried or self-employed), good credit history; self-employed company must be 12+ months old.
Exclusions & Terms
Forex markup
- Foreign currency markup
Cash Transactions
- Cash transactions/advances do not earn Membership Rewards Points.
EMI conversion at point of sale
- Spends converted to EMI at the merchant terminal or checkout do not earn Membership Rewards Points.
Frequently Asked Questions
2 data-backed answers from our card database
Ready to apply?
₹4,500 annual fee. Apply on the American Express website.
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